India Financial News

Congress' first list released on Friday includes names of Rahul Gandhi, former Chhattisgarh Chief Minister Bhupesh Baghel, Congress general secretary KC Venugopal, DK Suresh and Shashi Tharoor. Out of the total 39 Congress candidates, 15 were from Kerala, seven from Karnataka, six from Chhattisgarh, four from Telangana, two from Meghalaya and one each from Nagaland, Tripura, Sikkim and Lakshwadeep.

NEW DELHI : Amidst global economic uncertainties and supply chain disruptions, the government has expanded the scope of a scheme designed to make Indian exports more competitive globally by refunding various central, state and other local duties and taxes. The government has expanded the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme to support advance authorisation holders, export-oriented units, and special economic zones.

masur, tur (pigeon pea) and urad. In addition, the government will also procure unlimited amounts of cotton at MSP for the next five years, but this is not linked to the diversification plan. This initiative aims to encourage farmers to move away from harmful practices used for traditional crops that damage soil health.

Karnataka, BJP won 25, while Congress and JD(S) got 1 each. One seat went to Independent candidate Sumalatha, who aligned with the BJP-led NDA.

₹2,000 crore or ₹6,000 crore turnover in India alone had warranted CCI approval. This has been revised to a combined asset threshold of ₹2,500 crore and turnover threshold of ₹7,500 crore. In the case of businesses with cross-border presence, the threshold since 2016 has been aggregate assets of $1 billion, out of which at least ₹1,000 crore of assets should be in India or combined sales of $3 billion, out of which at least ₹3,000 crore should be from India.

RBI) Governor Shaktikanta Das shed light on the evolving landscape of cryptocurrency and the progress of the central bank's digital currency initiative. Das reiterated the RBI's stance on cryptocurrency, emphasizing the risks and dangers associated with it. While acknowledging the technological advancements, particularly the blockchain technology underlying cryptocurrencies, Das emphasized the speculative nature of these assets. He highlighted the lack of underlying assets and corresponding liabilities, branding cryptocurrency as a speculative product.

authorisation holders and export-oriented units (EOUs) from mandatory quality control orders for imported goods that are used as inputs for exports. It said that the exemption will be with pre-import conditions, and those inputs will be utilised in the manufacturing of the export products. «Enabling provisions are made for exempting inputs imported by Advance Authorisation holders and EOUs from mandatory Quality Control Orders (QCOs),» the Directorate General of Foreign Trade (DGFT) said in a notification. The unutilised material will be destroyed in the presence of jurisdictional GST/customs authorities, it added.

competition law with respect to mergers and acquisitions that are also expected to reduce the regulatory burden on the Competition Commission of India (CCI). Notifications have been issued by the corporate affairs ministry related to Section 5 of the competition law. Section 5 pertains to combinations. Vaibhav Choukse, Partner and Head of Competition Law at JSA Advocates and Solicitors, said it is an important development concerning M&As in the country. «The government has increased the existing financial thresholds as prescribed under Section 5 of the Competition Act by 150 per cent. Further, the De Minimis or the Small Target Exemption thresholds have also been increased. This is in line with the government motto of ease of doing business in India as less M&A deals would require CCI approval,» he said.

Assam Rifles and other law enforcement agencies have seized drugs worth Rs 47.35 crore, a large cache of explosives and arrested three people in Mizoram. The heroin, grade number four, smuggled from neighbouring Myanmar.Assam Rifles sources said that in its crusade against smuggling activities, the para-military forces accompanied by Mizoram police recovered heroin weighing 5394 gram worth Rs 37.75 crore at Melbuk Road Junction, Zokhawthar in Champhai district on Thursday. In a separate joint operation by the Assam Rifles and the police recovered heroin weighing 1376 gram worth Rs 9.6 crore at the same Zokhawthar area in Champhai district on Thursday.

Tie-Con Delhi-NCR, Electronics and IT Secretary S Krishnan said that the government will invite bids from the industry under the mission and provide viability gap funding for GPU-based computing infrastructure. «The entire GPU approved under the mission will be made available in the next 18-24 months,» Krishnan said.

film will rule them all? The countdown for the moment when a worthy film and actor will be crowned the best among the current crop has begun! All eyes are on the 96th Academy Awards, which will take place on Monday (11th March). The Academy Awards, aka the Oscars, will be hosted by popular comedian and talk show host Jimmy Kimmel. Ahead of the biggest day in showbiz, here’s what you can expect:

Previous Elections and Current Scenario: In the 2019 Lok Sabha Elections, Telangana played a crucial role as one of the opening states. With little change in the state's political landscape over the past five years, it is likely to retain this significance in the 2024 Lok Sabha Elections, tentatively scheduled for April. The official confirmation will be provided following the Election Commission of India's (ECI) announcement of election dates.

Indian Semiconductor Mission or ISM scheme, from the current ₹ 76,000 crore, following the growing popularity worldwide. “We can increase funding when the ISM scheme gets exhausted. If we have to bring more fabs in the country, then we may need more money, and may have to bring in more funds to this focus area,” S Krishnan, Secretary MeitY told ET. The top official further said that in the next 2 to 3 years, the government would try to have 2-3 more semiconductor fabrication (fab) units in the country.

Motorcycle & Scooter India (HMSI) on Friday said it is recalling certain units of its superbikes GL1800 Gold Wing and CBR1000RR to inspect and replace faulty fuel pumps. Honda GL1800 Gold Wing manufactured between December 2017 and December 2023 and CBR1000RR manufactured between September 2017 and April 2020 are affected, the two-wheeler major said in a statement. HMSI, however, did not provide an exact number of the units being recalled. «The fuel pump impellers may have been improperly molded, which can cause them to deform and result in fuel pump failure. If the fuel pump module becomes inoperative, the engine may not start or can stall without indication while riding,» the company stated.

Adani Group is going to make big investments in the defence sector in the next 10 years in line with the government's push for achieving self-reliance in defence manufacturing, a top executive of the company said. Ashish Rajvanshi, the CEO of Adani Defence and Aerospace, said the company is complementing the government's efforts towards 'Make in India', noting that «everyone will have to work together» to realise the desired goal. «We are going to make big investments in the defence sector in the next 10 years,» he said at NDTV's 'Defence Summit' on Thursday. Rajvanshi, however, did not elaborate on the investments.

Indian Army was abducted in Manipur's Thoubal district on Friday by unknown miscreants. A senior police officer who does not want to be named told ET, “The reason for abduction is not known yet.The JCO, identified as Konsam Kheda Singh, was on leave.” Police said, “Some miscreants entered his home in Charangpat Mamang Leikai village at around 9 am and the officer was forced to get inside a vehicle. His family has in the past received extortion threats.”

With minimal maintenance requirements and hassle-free servicing, split ACs are a practical choice for cooling needs in Indian households or workplaces. Explore this curated selection of the best-selling split ACs in India and purchase the premium split AC unit today to experience its efficient cooling performance.

Coal India Ltd hit a record 703.91 million tonnes (MT) in this fiscal until March 7, surpassing the last fiscal's output of 703.20 MT, the Coal Ministry said on Friday. Highlighting that several key measures were implemented to enhance production, the ministry said Coal India maintains an ample stock of 72.70 MT as of 7th March 2024. "Coal India Limited (CIL) has achieved a record production of 703.91 million tonnes of coal up to 7th March 2024 during the current fiscal, surpassing last financial year's production of 703.20 MT by an impressive margin of 26 days," the ministry said in a release. Adoption of the Mine Developer and Operator model, mechanization and modernization of CIL mines, both Underground & Opencast, undertaking new projects, expanding existing projects, have bolstered coal production, it said.

NEW DELHI : New Delhi: Big Tech firms such as Google, Microsoft and Nvidia are expected to lead India's efforts to develop a centralized computing infrastructure, which the India AI Mission, approved by the Union Cabinet on Thursday, envisions. For these firms, creating artificial intelligence (AI) computing infrastructure will entail strategic investments in India’s developing technology ecosystem, industry experts and stakeholders said.

iMap-14 Series of floor cleaning robots, combines cutting-edge technology with convenience, featuring self-navigating smart laser navigation, and a powerful Japanese Brushless Motor for efficient cleaning. A few standout features are 3 Year warranty on Battery and Suction motor, its 7 multi-local language support, catering to a diverse regional Indian user base. Priced conveniently at a discounted rate of INR Rs. 37,880/-, it is available for purchase on amazon, company website and with offline retailers like Croma and its distribution network in the major cities pan India.

₹1,315.25 apiece on NSE. The markets were closed Friday on account of Mahashivratri, when reports surfaced of Tata Sons seeking to avoid a public market listing. Tata Chemicals’s 3% holding in Tata Sons is worth about ₹19,850 crore, Spark PWM, a subsidiary of Spark Capital Advisors (India), said in a 4 March report.